zee
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One of the most atrocious things that infiltrated the minds of everyone in crypto was the creation of perps.
Now, it's slowly becoming GLOBALLY adopted [RWAs having stablecoins to long/short stocks etc.].
I'll tell you niggaz why too.
Perps, by VERY NATURE, being "PERPETUAL" means NO EXPIRATION [so long as you don't get liquidated etc.]
So it makes "TRADERS" become "HOLDERS" of SHAM CONTRACTS which are subject to extreme volatility.
^ SUPER EASY to shake out everyone, especially with exchange data accessible to DEVIOUS market makers.
Second to that,
A trade is a BUY and SELL or a SELL and a BUY.
If you don't conclude it, it's nothing.
They've designed perps to TRICK YOU into thinking you "own the underlying asset" indefinitely [like spot],
Which results in 99% of people LOSING over time.
How?
Overholding positions or simply overmanaging based on the fact it's an ACTIVE RUNNING POSITION.
PEOPLE DO NOT LIKE TO CLOSE when they have a "good entry" OR their size is more than they can afford on spot.
They transition their trades into HOLDS and ELIMINATE the whole trading aspect.
The entire model preys on human greed in the most malicious way and it was made for that EXACT reason.
For retards to be psychologically raped by volatility, make mistakes and lose their bread to rapists like Alameda Research.
The biggest CASINO ever created was perpetual futures and the house [internal "MMs" aka TRADING DESKS of exchanges] ALWAYS win.
GET IN, GET RICH, GET OUT [convert to spot holdings].
~ Dr. Axius.
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